GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Telefonica Brasil SA (FRA:TSPA) » Definitions » Cyclically Adjusted Price-to-FCF

Telefonica Brasil (FRA:TSPA) Cyclically Adjusted Price-to-FCF : 8.62 (As of Jun. 09, 2024)


View and export this data going back to 2020. Start your Free Trial

What is Telefonica Brasil Cyclically Adjusted Price-to-FCF?

As of today (2024-06-09), Telefonica Brasil's current share price is €8.10. Telefonica Brasil's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €0.94. Telefonica Brasil's Cyclically Adjusted Price-to-FCF for today is 8.62.

The historical rank and industry rank for Telefonica Brasil's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

FRA:TSPA' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 6.51   Med: 9.35   Max: 12.78
Current: 8.73

During the past years, Telefonica Brasil's highest Cyclically Adjusted Price-to-FCF was 12.78. The lowest was 6.51. And the median was 9.35.

FRA:TSPA's Cyclically Adjusted Price-to-FCF is ranked better than
68.42% of 190 companies
in the Telecommunication Services industry
Industry Median: 12.975 vs FRA:TSPA: 8.73

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Telefonica Brasil's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €0.326. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is €0.94 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Telefonica Brasil Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Telefonica Brasil's Cyclically Adjusted Price-to-FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Telefonica Brasil Cyclically Adjusted Price-to-FCF Chart

Telefonica Brasil Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.54 10.83 10.40 8.24 10.95

Telefonica Brasil Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Price-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 8.09 8.73 8.69 10.95 9.82

Competitive Comparison of Telefonica Brasil's Cyclically Adjusted Price-to-FCF

For the Telecom Services subindustry, Telefonica Brasil's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Telefonica Brasil's Cyclically Adjusted Price-to-FCF Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Telefonica Brasil's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Telefonica Brasil's Cyclically Adjusted Price-to-FCF falls into.



Telefonica Brasil Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Telefonica Brasil's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=8.10/0.94
=8.62

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Telefonica Brasil's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Telefonica Brasil's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=0.326/159.3724*159.3724
=0.326

Current CPI (Mar. 2024) = 159.3724.

Telefonica Brasil Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.375 91.838 0.651
201409 0.477 92.602 0.821
201412 -0.090 94.194 -0.152
201503 -0.192 97.799 -0.313
201506 0.146 100.006 0.233
201509 0.096 101.392 0.151
201512 0.353 104.247 0.540
201603 0.026 106.979 0.039
201606 0.186 108.851 0.272
201609 0.196 109.986 0.284
201612 0.230 110.802 0.331
201703 -0.022 111.869 -0.031
201706 0.281 112.115 0.399
201709 0.291 112.777 0.411
201712 0.122 114.068 0.170
201803 0.124 114.868 0.172
201806 0.045 117.038 0.061
201809 0.034 117.881 0.046
201812 0.264 118.340 0.356
201903 0.192 120.124 0.255
201906 0.320 120.977 0.422
201909 0.322 121.292 0.423
201912 0.345 123.436 0.445
202003 0.267 124.092 0.343
202006 0.313 123.557 0.404
202009 0.350 125.095 0.446
202012 0.168 129.012 0.208
202103 0.231 131.660 0.280
202106 0.188 133.871 0.224
202109 0.278 137.913 0.321
202112 0.126 141.992 0.141
202203 0.288 146.537 0.313
202206 0.280 149.784 0.298
202209 0.248 147.800 0.267
202212 0.190 150.207 0.202
202303 0.372 153.352 0.387
202306 0.338 154.519 0.349
202309 0.275 155.464 0.282
202312 0.132 157.148 0.134
202403 0.326 159.372 0.326

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Telefonica Brasil  (FRA:TSPA) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Telefonica Brasil Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Telefonica Brasil's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Telefonica Brasil (FRA:TSPA) Business Description

Traded in Other Exchanges
Address
Avenida Engenheiro Luis Carlos Berrini, 1376, 32nd Floor, Sao Paulo, SP, BRA, 04571-936
Telefonica Brasil, known as Vivo, is the largest wireless carrier in Brazil with 98 million customers, equal to about 40% market share. The firm is strongest in the postpaid business, where it has 60 million customers, about 42% share of this market. It is the incumbent fixed-line telephone operator in Sao Paulo state and, following the acquisition of GVT, the owner of an extensive fiber network across the country. The firm provides internet access to 6 million households on this network. Following its parent Telefonica's footsteps, Vivo is cross-selling fixed-line and wireless services as a converged offering. The firm also sells pay-tv services to its fixed-line customers.

Telefonica Brasil (FRA:TSPA) Headlines

No Headlines